STIMULUS WATCH * USA - In jobs, what's stability worth?
Washington is paying hundreds of millions of dollars to build new, cleaner-burning buses, but don't scour the want ads looking for a burst of job openings soon at major manufacturers or suppliers
Kansas City.MO,USA -Associated Press/The KansasCity , by MATT APUZZO -7 June 2009: -- The bus money, like many other programs in the $787 billion stimulus plan, is having the less glamorous and harder-to-quantify effect of keeping workers employed, providing a slight buffer from the recession to some in the auto industry... At the White House, where saving jobs always was as much a priority as creating jobs, the bus industry is a success story... But it also shows how hard it is to account for that success, especially in an industry that keeps shedding jobs despite the stimulus... This experience plays out repeatedly nationwide. When the White House says it has saved jobs, it's talking about companies such as Daimler, New Flyer and Cummins. The overall economy, meanwhile, has lost 1.3 million jobs since the stimulus law was passed... "To the extent the stimulus is successful helping get the economy in the right direction, to the extent it helps the economy, helps our market, that's where we're going to benefit," Cummins spokesman Mark Land said. "If that allows us to bring a few people back, then it will be fair to say then the stimulus was part of the solution."... (Photo by Kevin Rivoli/AP: : Workers assemble new, cleaner-burning buses at the Daimler Buses North America facility in Oriskany, N.Y., Wednesday, June 3, 2009. Washington is paying hundreds of millions of dollars for the new buses, one of the $787 billion stimulus plan programs, that has the less glamorous, harder-to-quantify effect of keeping workers employed - a buffer from the recession to some in the auto industry)Labels: stimulus funds
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